Synthetic Biology Market, by Product Type (Oligonucleotides, Enzymes, Cloning and Assembly Kits, Xeno-nucleic Acids (XNA) and Chassis Organism), by Technology (Gene Synthesis, Next-generation Sequencing, Cloning and Sequencing, Bioinformatics, Microfluidics, Nanotechnology, Site-saturation Mutagenesis, and Mathematical Modeling), by Application (Medical Applications (Drug Discovery & Therapeutics, and Artificial Tissue & Tissue Regeneration), Industrial Applications (Biomaterials & Green Chemicals, Industrial Enzymes and Biofuels & Renewable Energy), Environmental Applications (Bioremediation and Whole-cell Biosensors)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • Published On : Dec 2018 |
  • Pages : 198 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Synthetic Biology Market - Insights

Synthetic biology involves the design and construction of entirely new biological systems from standardized genetic components, together with the essential redesign of existing life for new purposes. Synthetic biology is extensively used in medical and pharmaceuticals field to produce and manufacture improved biological drugs and systems to meet various challenges in the healthcare sector. Synthetic biology offers various opportunities in the field of healthcare such as recreating highly complex pathways, DNA sequences, and natural biological systems.                

The global synthetic biology market size is estimated to be valued at US$ 6.09 billion in 2018, and is expected to witness a CAGR of 33.9% during the forecast period (2018–2026).


          Global Synthetic Biology Market Share (%), By Product Type: 2018 & 2026     

                Synthetic Biology  | Coherent Market Insights                    

Source: Coherent Market Insights Analysis (2018)

Growing Research and Development (R&D) Funding and Rising Number of Synthetic Biology Start-ups are expected to propel Growth of the Synthetic Biology Market

Growing investment/funding from companies in the branch of synthetic biology offers lucrative opportunity to develop products such as consumer goods, bioengineered medicines, and industrial chemicals. According to SynBioBeta data finding, January 2018, 50 companies including public and private companies raised over US$ 1.7 billion for the development of innovative synthetic biology technologies. Furthermore, according to the finding, the number of synthetic biology-based companies is growing significantly. According to same source, in 2013, total number of synthetic biology companies worldwide were 293, which increased to 346 (2014), 387 (2015), and 411 (2016).

For instance, in December 2017, Ginkgo Bioworks: a biotechnology company working in synthetic biology having area of interest in cultured ingredients, strain improvement, and enzyme production; invested US$ 275 million in Series D finding to increase its production facility for organism engineering- Bioworks 3, which was its third foundry for prototyping and scaling engineered organisms.

Players are also involved in several joint ventures and partnerships with other organizations to increase its market share. For instance, in March 2018, Bayer and Ginkgo Bioworks entered into a joint venture and established a new company— Joyn Bio— with an aim to focus on engineering plant-associated microbes for improved nitrogen fixation.

Furthermore, in July 2018, Poseida Therapeutics Inc. received US$ 3.99 million CLIN 1 grant from California Institute for Regenerative Medicine (CIRM) to support the late stage preclinical development of Poseida’s P-PSMA-101, a CAR-T immunotherapy product candidate.


Global Synthetic Biology Market Share (%), By Application: 2018 & 2026

Synthetic Biology  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2018)

Wide Range of Synthetic Biology Applications 

Synthetic biology offers high efficiency to re-engineer and design the artificial bimolecular components and biomaterials, which are majorly adopted in several biological, industrial, and environmental applications such as gene engineering, drug discovery & therapeutics, novel protein synthesis, artificial tissue regeneration, biofuels, industrial enzymes, bioremediation, and green chemicals.

In recent times, synthetic biology is tested to be used for storage of digital data. DNA offers potential to store the massive amount of digital data, allowing to store one million times more dense information than flash drives, and this data stored in DNA can be preserved for over 1,000 years. Furthermore, it is also easier to prevent or detect the attempt to modify the stored data in the DNA. Currently, various research and possible attempts are ongoing to commercialize this technology.

For instance, in September 2018, the Arch Mission Foundation partnered with Microsoft, University of Washington, and Twist Bioscience to archive 10,000 crowd sourced images and full text of 20 important books, among others, in Astrobotic’s 2020 mission to the moon. DNA-based data storage allows data to be encoded into billions of synthetic DNA molecules and encapsulated for long-term preservation.

The biopharmaceutical industry is witnessing challenges such as need for improved productivity, faster building of drugs pipeline, reduce costs, and decrease time to market the product. In this context, custom engineering enzymes through the application of synthetic biology will work as catalyst in novel and efficient manufacturing processes. Furthermore, due to technological advances in genetic engineering and integration of computational methods has paved the way for the development of highly improved biocatalyst to enhance efficiency and reduce cost in the discovery, development, and manufacturing of active pharmaceutical ingredients (APIs) and drug products. 

Among geographical region, Asia Pacific is expected to show conducive environment for growth of the synthetic biology market, owing to expanding healthcare infrastructure, rising concerns related to fuel consumption, growing government support, and engagement of key players in this region.

For instance, in June 2018, National Research Foundation (NRF) funded an amount of US$ 25 million for five-year national synthetic biology R&D program, under the leadership of Prof Chua Nam Hai: a renowned expert in plant biology and biotechnology; to bring advancement in synthetic biology research in Singapore. In September 2018, Thermo Fisher Scientific initiated to sell its portfolio of Invitrogen GeneArt products and services, including gene synthesis and genome editing products in China.

Key players operating in the global synthetic biology market includes Thermo Fisher Scientific Inc., Twist Bioscience Corporation, Genscript Biotech Corporation, Codexis, Inc., Amyris, Inc., Danaher Corporation (Integrated DNA Technologies, Inc.), EnBiotix, Inc., Evonetix Ltd., Ginkgo Bioworks, Inc., and Prokarium.

Increasing concerns regarding depleting natural resources of oil reservoirs is propelling demand for replacement for fossil fuels. Biofuel production is increasing steadily with promising results. Furthermore, rising concerns regarding climate change and energy security makes biofuel an efficient alternative for fossil fuels. In this context, synthetic biology has shown promising result for biofuel production. Synthetic biology approaches can be used in reducing cost of celluloses and, thereby, of biofuels. Moreover, various companies are engaged in collaboration and partnership activities to use their expertise in the synthetic biology to produce cost-efficient biofuels.

Growing adoption of synthetic biology in emerging applications such as genetically modified crops (GMCs) in agriculture, green chemicals, and biofuels in the industrial applications will offer lucrative growth opportunity in the near future.

Since 2014, rising engagement of various investors to fund the synthetic biology companies including established and startup companies is continuously increasing. For instance, according to SynBioBeta LLC January 2018 data findings, 50 companies in the synthetic biology market raised around US$ 1.7 billion for the development of innovative synthetic biology technologies.                                    

Market Dynamics

Furthermore, growing research and development (R&D) activities to develop new technologies in synthetic biology by government and private organizations and increasing demand for efficient alternative therapy to design and market active pharmaceutical ingredients (APIs) in drug diagnosis and therapeutics are other growth factors, which will drive the synthetic biology market growth.

Synthetic biology is majorly used in applications such as bioremediation, gene synthesis, industrial enzyme production, drug discovery, therapeutics, and green chemicals, among others. However, utilization of these applications is increasing concern regarding the risk and ethical issues associated with synthetic biology, which include off-target mutation development, environmental misbalance, and various other illegal usage of DNA sequencing.

Furthermore, the regulations that govern synthetic biology are not designed specifically for synthetic biology and are inadequate to regulate new gene editing applications such as CRISPR gene editing. The current legal framework focuses on genetically modified products and the procedures to make them, create a hurdle in the growth of synthetic biology market. Furthermore, stringent regulations related to the application of genetically modified organism (GMOs) in developed economies such as the U.S. and Europe reflects the concern related to the adoption of synthetic biology in the near future.

Key features of the study:

  • This report provides in-depth analysis of synthetic biology market, its market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017, as the base year.
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global synthetic biology market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key companies covered as a part of this study includes Thermo Fisher Scientific Inc., Twist Bioscience Corporation, Genscript Biotech Corporation, Codexis, Inc., Amyris, Inc., Danaher Corporation (Integrated DNA Technologies, Inc.), EnBiotix, Inc., Evonetix Ltd., Ginkgo Bioworks, Inc., and Prokarium
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future type upgradation, market expansion, and marketing tactics.
  • The global synthetic biology market report caters to various stakeholders in this industry including investors, researchers, synthetic biology product manufacturers, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the synthetic biology market

Detailed Segmentation:

  • Global Synthetic Biology Market, By Product Type:
    • Oligonucleotides
    • Enzymes
    • Cloning and Assembly Kits
    • Xeno-nucleic Acids (XNA)
    • Chassis Organism
  • Global Synthetic Biology Market, By Technology:
    • Gene Synthesis
    • Next-generation Sequencing
    • Cloning and Sequencing
    • Bioinformatics
    • Microfluidics
    • Nanotechnology
    • Site-saturation Mutagenesis
    • Mathematical Modeling
  • Global Synthetic Biology Market, By Application:
    • Medical Applications
      • Drug Discovery and Therapeutics
      • Artificial Tissue and Tissue Regeneration
    • Industrial Applications
      • Biomaterials and Green Chemicals
      • Industrial Enzymes
      • Biofuels and Renewable Energy
    • Environmental Applications
      • Bioremediation
      • Whole-cell Biosensors
  • Global Synthetic Biology Market, By Geography:
    • North America
      • By Country:
        • U.S.
        • Canada
      • By Product Type:
        • Oligonucleotides
        • Enzymes
        • Cloning and Assembly Kits
        • Xeno-nucleic Acids (XNA)
        • Chassis Organism
      • By Technology:
        • Gene Synthesis
        • Next-generation Sequencing
        • Cloning and Sequencing
        • Bioinformatics
        • Microfluidics
        • Nanotechnology
        • Site-saturation Mutagenesis
        • Mathematical Modeling
      • By Application:
        • Medical Applications
          • Drug Discovery and Therapeutics
          • Artificial Tissue and Tissue Regeneration
        • Industrial Applications
          • Biomaterials and Green Chemicals
          • Industrial Enzymes
          • Biofuels and Renewable Energy
        • Environmental Applications
          • Bioremediation
          • Whole-cell Biosensors
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Product Type:
        • Oligonucleotides
        • Enzymes
        • Cloning and Assembly Kits
        • Xeno-nucleic Acids (XNA)
        • Chassis Organism
      • By Technology:
        • Gene Synthesis
        • Next-generation Sequencing
        • Cloning and Sequencing
        • Bioinformatics
        • Microfluidics
        • Nanotechnology
        • Site-saturation Mutagenesis
        • Mathematical Modeling
      • By Application:
        • Medical Applications
          • Drug Discovery and Therapeutics
          • Artificial Tissue and Tissue Regeneration
        • Industrial Applications
          • Biomaterials and Green Chemicals
          • Industrial Enzymes
          • Biofuels and Renewable Energy
        • Environmental Applications
          • Bioremediation
          • Whole-cell Biosensors
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
      • By Product Type:
        • Oligonucleotides
        • Enzymes
        • Cloning and Assembly Kits
        • Xeno-nucleic Acids (XNA)
        • Chassis Organism
      • By Technology:
        • Gene Synthesis
        • Next-generation Sequencing
        • Cloning and Sequencing
        • Bioinformatics
        • Microfluidics
        • Nanotechnology
        • Site-saturation Mutagenesis
        • Mathematical Modeling
      • By Application:
        • Medical Applications
          • Drug Discovery and Therapeutics
          • Artificial Tissue and Tissue Regeneration
        • Industrial Applications
          • Biomaterials and Green Chemicals
          • Industrial Enzymes
          • Biofuels and Renewable Energy
        • Environmental Applications
          • Bioremediation
          • Whole-cell Biosensors
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Product Type:
        • Oligonucleotides
        • Enzymes
        • Cloning and Assembly Kits
        • Xeno-nucleic Acids (XNA)
        • Chassis Organism
      • By Technology:
        • Gene Synthesis
        • Next-generation Sequencing
        • Cloning and Sequencing
        • Bioinformatics
        • Microfluidics
        • Nanotechnology
        • Site-saturation Mutagenesis
        • Mathematical Modeling
      • By Application:
        • Medical Applications
          • Drug Discovery and Therapeutics
          • Artificial Tissue and Tissue Regeneration
        • Industrial Applications
          • Biomaterials and Green Chemicals
          • Industrial Enzymes
          • Biofuels and Renewable Energy
        • Environmental Applications
          • Bioremediation
          • Whole-cell Biosensors
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Product Type:
        • Oligonucleotides
        • Enzymes
        • Cloning and Assembly Kits
        • Xeno-nucleic Acids (XNA)
        • Chassis Organism
      • By Technology:
        • Gene Synthesis
        • Next-generation Sequencing
        • Cloning and Sequencing
        • Bioinformatics
        • Microfluidics
        • Nanotechnology
        • Site-saturation Mutagenesis
        • Mathematical Modeling
      • By Application:
        • Medical Applications
          • Drug Discovery and Therapeutics
          • Artificial Tissue and Tissue Regeneration
        • Industrial Applications
          • Biomaterials and Green Chemicals
          • Industrial Enzymes
          • Biofuels and Renewable Energy
        • Environmental Applications
          • Bioremediation
          • Whole-cell Biosensors
    • Africa
      • By Country:
        • North Africa
        • Central Africa
        • South Africa
      • By Product Type:
        • Oligonucleotides
        • Enzymes
        • Cloning and Assembly Kits
        • Xeno-nucleic Acids (XNA)
        • Chassis Organism
      • By Technology:
        • Gene Synthesis
        • Next-generation Sequencing
        • Cloning and Sequencing
        • Bioinformatics
        • Microfluidics
        • Nanotechnology
        • Site-saturation Mutagenesis
        • Mathematical Modeling
      • By Application:
        • Medical Applications
          • Drug Discovery and Therapeutics
          • Artificial Tissue and Tissue Regeneration
        • Industrial Applications
          • Biomaterials and Green Chemicals
          • Industrial Enzymes
          • Biofuels and Renewable Energy
        • Environmental Applications
          • Bioremediation
          • Whole-cell Biosensors
  • Company Profiles
    •  Thermo Fisher Scientific Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Twist Bioscience Corporation
    • Genscript Biotech Corporation
    • Codexis, Inc.
    • Amyris, Inc.
    • Danaher Corporation (Integrated DNA Technologies, Inc.)
    • EnBiotix, Inc.
    • Evonetix Ltd.
    • Ginkgo Bioworks, Inc.
    • Prokarium

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Technology
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Strategic Collaborations 
  4. Global Synthetic Biology Market, By Product Type, 2016 - 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 - 2026
      • Segment Trends
    • Oligonucleotides
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
    • Enzymes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
    • Cloning and Assembly Kits
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
    • Xeno-nucleic Acids (XNA)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
    • Chassis Organism
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
  5. Global Synthetic Biology Market, By Technology, 2016 - 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 - 2026
      • Segment Trends
    • Gene Synthesis
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
    • Next-generation Sequencing
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
    • Cloning and Sequencing
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
    • Bioinformatics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
    • Microfluidics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
    • Nanotechnology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
    • Site-saturation Mutagenesis
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
    • Mathematical Modeling
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
  6. Global Synthetic Biology Market, By Application, 2016 - 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 - 2026
      • Segment Trends
    • Medical Applications
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
        • Drug Discovery and Therapeutics
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
        • Artificial Tissue and Tissue Regeneration
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
    • Industrial Applications
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
        • Biomaterials and Green Chemicals
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
        • Industrial Enzymes
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
        • Biofuels and Renewable Energy
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
    • Environmental Applications
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
        • Bioremediation
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
        • Whole-cell Biosensors
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2026, (US$ Million)
  7. Global Synthetic Biology Market, By Region, 2016 - 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, By Region, 2017 - 2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Technology, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 - 2026, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Technology, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 - 2026, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Technology, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 - 2026, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Technology, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 - 2026, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Product Type, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Technology, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 - 2026, (US$ Million)
        • North Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Technology, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 - 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 - 2026, (US$ Million)
        • GCC Countries
        • Israel
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Thermo Fisher Scientific Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Strategies
      • Twist Bioscience Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Strategies
      • Genscript Biotech Corporation  
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Strategies
      • Codexis, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Strategies
      • Amyris, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Strategies
      • Danaher Corporation (Integrated DNA Technologies, Inc.)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Strategies
      • EnBiotix, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Strategies
      • Evonetix Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Strategies
      • Ginkgo Bioworks, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Strategies
      • Prokarium
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Strategies
  9. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse 29 market data tables and 35 figures on "Synthetic Biology Market - Global forecast to 2026”.

Research Methodology

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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
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Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
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This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

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